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HMRC Is Upping Its VAT Inspections, Warns Abbey Tax Advisory

When it comes to VAT, most contractors are just trying to do the right thing. To pay the right amount, no matter how often the rules change or how much the rates rise. Well, keep doing what you’re doing. Because the HMRC has recently become “very active” in enforcing its VAT rules, says advisory firm

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Contractors want fairer tax system

Vast Majority Of Contractors Want Fairer Tax System

The majority of contractors believe the government should engage with them better and build a fairer tax system, according to new research from the contractor insurance company Qdos Contractor.   Some 63% of contractors and freelancers surveyed said they believe the government should prioritise building a fair tax system that works for contractors and not

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spring budget

Budget Backlash Continues

The first – and the last – Spring Budget from the chancellor wasn’t necessarily designed to make waves, but we didn’t expect much good news for contractors either. However, by increasing class 4 national insurance contributions (NICs) for the self-employed – without even a consultation for affected parties – this budget has broken a pledge

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contractor tax tips for the self-assesment deadline

Contractor Tax Doesn’t Have to be Taxing

Contractor tax doesn’t have to be taxing The deadline for filing paper self assessment tax returns is midnight on the 31st of October, and if you’re a limited company contractor, this can be an important date in your tax year. The last tax year started on the 6th of April 2015 and ended on the

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